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To: Robert DeLong

Yup, I have about 6 months of cash on hand, plus with my job, I’d get 7 months of severance if I was laid off (counting paid leave), which is unlikely. I am, however, bracing for a potential 20% reduction in salary for the rest of the year, which most of our industry (lodging) has done for all corp office personnel still not furloughed. I’m guessing they will issue stock grants equal to the difference if we go that route but we’ll see.


113 posted on 03/30/2020 9:14:27 AM PDT by rb22982
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To: rb22982
I believe you are the first person I have ever communicated with in that industry. I'm sure many others, within your industry, found themselves out of a job without anything but unemployment to fall back on. Does your situation require you to go into corp HQ, or can you accomplish your work from home? At least at 80% it means that your dipping into savings is greatly reduced, if needed at all. I doubt we will see this carried any later than end of April. This is really all about buying time to ramp up supplies in the event a tsunami of cases develops suddenly, to mitigate impacts to healthcare structures. If it goes on beyond the end of April then we will most likely have other deadly issues to contend with in this country. For then we start entering the SHTF scenarios.

Hopefully you are prepared for that kind of scenario. If not stock up on canned foods, and other items that may be needed to assist in survival, if you can.

Stay safe my FRiend.

127 posted on 03/30/2020 9:43:29 AM PDT by Robert DeLong
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